Banking Union – 2015 annual report

01-03-2016

Banking Union (BU) is an EU-level banking supervision and resolution system. It is one of the key components of the EU's attempt to create a 'genuine Economic and Monetary Union' (EMU) and to restore confidence in the banking sector in the aftermath of the financial and economic crisis. On 24 November 2015, the European Commission proposed to 'complete' the BU with a third pillar, a European Deposit Insurance Scheme (EDIS). In its first annual report, the European Parliament's Economic and Monetary Affairs (ECON) Committee assesses the state of play of the BU. In focus are effects of capital requirements, proportionality concerns and the third pillar.

Banking Union (BU) is an EU-level banking supervision and resolution system. It is one of the key components of the EU's attempt to create a 'genuine Economic and Monetary Union' (EMU) and to restore confidence in the banking sector in the aftermath of the financial and economic crisis. On 24 November 2015, the European Commission proposed to 'complete' the BU with a third pillar, a European Deposit Insurance Scheme (EDIS). In its first annual report, the European Parliament's Economic and Monetary Affairs (ECON) Committee assesses the state of play of the BU. In focus are effects of capital requirements, proportionality concerns and the third pillar.